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Lagos to support investors' expansion plans

04 December 2012, 07:38

Ikeja - Gov. Babatunde Fashola of Lagos State says his administration will support investors wishing to expand their businesses and create job opportunities for residents of the state.

Fashola made the pledge on Monday while receiving Mr Harpreet Singh, the Managing Director of Stallion Group, at the Government House in Ikeja.

He noted that significant business growth automatically corresponded to prosperity for the state, adding that the necessary infrastructure would be provided to further stimulate expansion of investment.

The governor, however, urged organisations in the state to support the government in creating the right environment for investments to thrive by promptly remitting their employees` taxes.

He commended Stallion Group for its investments in the state, noting that these had contributed significantly to the economy.

"I have just learnt that your conglomerate employs about 10,000.That is quite commendable. We will support your expansion plans and those of other investors in the state.

"Your group feeds our BRT system with buses.

"We are investing more in infrastructure and by the time we are through with the Lagos-Badagry corridor, we will require more buses from you and at your end, it means expansion," he said.

Earlier in his remarks, Singh had commended Fashola for his administration’s intervention in all sectors in the last five years.

He noted particularly that the massive investment in infrastructure had promoted business growth and had made the state the preferred investment destination.

The Managing Director said that Stallion Group would continue to explore the vast business opportunities that the state offered, by expanding existing investments and creating new ones.



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